Business
SharpLink Gaming Announces Closing of Merger with SportsHub Games Network
MINNEAPOLIS, MN / ACCESSWIRE / December 28, 2022 / SharpLink Gaming Ltd. (NASDAQ:SBET) ("SharpLink" or the "Company"), a pioneer of targeted conversion
About this update from Sharplink, Inc.
[{"type":"text","content":"MINNEAPOLIS, MN / ACCESSWIRE / December 28, 2022 / SharpLink Gaming Ltd. (NASDAQ:SBET) (\"SharpLink\" or the \"Company\"), a pioneer of targeted conversion solutions for the U.S. sports betting and iGaming industries, today announced the closing of the previously announced acquisition of SportsHub Games Network, Inc. (\"SportsHub\"), effective December 22, 2022. The merger was approved by the Company's Board of Directors based on the recommendation of a Special Committee of the Board of Directors consisting exclusively of independent directors, and by the Company's shareholders. SharpLink's shareholders approved the consummation of the merger at the Extraordinary General Meeting of Shareholders held in Minneapolis, Minnesota on December 14, 2022; and the voting results were subsequently announced via press release and on Form 6-K furnished to the U.S. Securities and Exchange Commission on December 15, 2022.\"Today marks an exciting new phase in the ongoing evolution and growth of SharpLink, representing a key milestone for our companies, our employees, our stockholders and for our clients and the sports fans we serve,\" stated Rob Phythian, Chief Executive Officer of SharpLink. \"The combined company is well aligned to the fast-growing U.S. fantasy sports, sports betting and iGaming industries, and provides SharpLink with a strong foundation to create sustainable shareholder value over the long-term.\"In association with the transaction, SharpLink issued, in aggregate, 4,725,125 ordinary shares to common and preferred stockholders of SportsHub, on a fully diluted basis, bringing the total number of SharpLink's ordinary shares issued and outstanding to 27,287,006.Loeb & Loeb, LLP acted as U.S. legal counsel and S. Friedman, Abramson & Co. acted as Israeli legal counsel to SharpLink. Corporate Law Partners, PLLC acted as legal counsel to SportsHub.About SharpLink Gaming Ltd.Founded in 2019, SharpLink is a leading online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting and iGaming content. SharpLink uses proprietary, intelligent, online conversion technology to convert sports fans into sports bettors for licensed, online sportsbook operators. In addition, SharpLink specializes in helping sports media companies, leagues, teams and sportsbooks develop strategies, products...